ASCENT FUNDS MANAGEMENT LLC
ASCENT FUNDS MANAGEMENT LLC is a Series A and Series C+ fund in the US, Asia and East Africa investing in Climate, Fintech, Healthcare, hydrogen-tech, advanced-manufacturing, semiconductors, renewable-fuels, batteries, hydrogen, manufacturing, wholesale-and-retail-trade, services and education.
- Stages
- Series A, Series C+
- Sectors
- Climate, Fintech, Healthcare, hydrogen-tech, advanced-manufacturing, semiconductors, renewable-fuels, batteries, hydrogen, manufacturing, wholesale-and-retail-trade, services, education
- Invests in
- US-wide, Asia, East Africa
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2020
- Assets under management
- $128M
Check size not disclosed
Thesis
Ascent Funds Management LLC is a private equity firm established in 2020, headquartered in New York. The firm's primary investment focus is the energy sector, with a strong emphasis on hydrogen production, conversion, and applications. They also target advanced manufacturing, semiconductors, renewable fuels, and batteries, aligning with an 'Industry 5.0' vision. Ascent Funds prefers to invest in late-stage growth and innovation-focused companies, employing a 'Full Partnership Model' from Series A through to IPO. The Rift Valley fund, closed at $128 million, supports SMEs in East Africa across various sectors. Their geographic scope includes the United States and Asia, in addition to East Africa. While specific check sizes are not disclosed, they have participated in significant funding rounds, such as co-leading a $40 million investment in Forge Nano.
Common questions
Does ASCENT FUNDS MANAGEMENT LLC invest at the Series A stage?
Yes. ASCENT FUNDS MANAGEMENT LLC lists Series A and Series C+ among the stages it invests in.
Where does ASCENT FUNDS MANAGEMENT LLC invest?
ASCENT FUNDS MANAGEMENT LLC invests in the US, Asia and East Africa.